Things will not get better, here is why:
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Virtual-networking software is literally killing demand for high-end hardware.
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Chinese are not kidding, they compete like nobody else
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The government and NSA do not help with all spying rumors, kills us overseas
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Return on investment is non existent - bought a ton of stuff, nothing materialized
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HW prices continue to slide, it's a secular and irreversible trend
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Layoffs are only a temporary fix, in the long run, it's counter-effective and it hurts you
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Cloud and Security moves will help but only partial, the pie is not big enough to offset losses in HW
Have I missed anything?